Jefferies & Co.'s Investment Technology Group (ITG), Bridge Information Systems Inc. and the AZX Inc. (the Arizona Stock Exchange) have taken steps to more closely link their respective systems.
As a result of the agreement, investment managers will be able to send orders to both the AZX and ITG's Posit via Bridge terminals by the end of the year.
The deal follows the launch about a month ago of a facility to route orders from ITG's QuantEX terminals to the AZX. Posit is Jefferies' crossing
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails